Reserve Bank raises cash rate to 4.6%, highest since 2011
The Guardian · September 29, 2026Original source ↗
What happened
The Reserve Bank of Australia has increased its key interest rate to 4.6%, the highest level since 2011. This marks the fourth increase to the cash rate this year, up from 4.35% prior to this decision.
Why it matters
This rate hike will impact mortgage holders by increasing their repayment costs.
How this story affects people
How does this story affect you if you are a mortgage holder?
This increase will raise your repayment costs, making it more expensive to service your home loan. As interest rates continue to rise, you may find it increasingly challenging to manage your monthly budget.
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